Quebec city - Valo-Capitale - commercialization of innovation QC Canada

Quebec city - Valo-Capitale - commercialization of innovation

Québec, QC, Canada
Financial support for commercializing innovative products or processes
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grant_single_labels|admissibility
grant_single_labels|register
grant_single_labels|otherInfo
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grant_single|eligibleFinancing
  • grant_single|maxCount
  • grant_single|projectCostPercent
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  • grant_single|timelineUnspecified
grant_single|financingType
Grant and Funding
grant_single|eligibleIndustries
  • Manufacturing
  • Information and cultural industries
  • Professional, scientific and technical services
  • Health care and social assistance
  • Arts, entertainment and recreation
grant_single|grantors
  • Quebec City
grant_single|status
grant_card_status|open

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The grant aims to support businesses in the commercialization of innovative products or processes, with a maximum financial contribution of up to $500,000. Eligible activities include professional fees, necessary project implementation expenses, and related salaries for human resources.

grant_single_labels|projects

This grant provides support for the commercialization efforts of innovative products and processes derived from research. Eligible projects include those that aim to bring research results to market or expand into new regions outside Quebec.
  • Commercialization of a product developed in collaboration with the University of Laval.
  • Establishment of a distribution network in Australia for a patented product.

grant_single_labels|admissibility

Eligibility for this grant is determined by specific requirements related to the applicant's profile and proposed activities.
  • The applicant must be a private incorporated company or a social economy enterprise (non-profit organizations and cooperatives) conducting primarily commercial activities.
  • Individually owned and collectively owned businesses majority-owned by Indigenous people and located in Wendake are eligible.
  • The applicant must not be involved in a project that combines "technology showcase – pre-commercialization of innovation" and "Valo-Capitale – commercialization of innovation" on the same project.
  • The preliminary commercialization validation must be completed before applying under the Valo-Capitale component.
  • The applicant must not be a social economy enterprise (non-profit organizations and cooperatives) that fails to demonstrate sound democratic governance.
  • The applicant must not be under a bankruptcy judgment.
  • The applicant must not be registered in the Register of enterprises ineligible for public contracts.
  • The applicant must not have defaulted on previous financial aid obligations granted by the City of Quebec within two years prior to the application, after being duly put in default.
  • The applicant must not owe any outstanding amounts to the City of Quebec.
  • The project must not be of a discriminatory nature, controversial, or pose a risk of negative image to the City of Quebec.
  • The project must not be an event-specific or temporary initiative.
  • The project must be conducted within a structured commercialization plan aimed at growth and profitability improvement.
  • If the business ceases operations or relocates, reimbursement clauses apply depending on the event date.

grant_eligibility_criteria|who_can_apply

Eligible applicants for the Valo-Capitale grant include private companies and social economy enterprises such as non-profit organizations (NPOs) and cooperatives with commercial activities. Additionally, individual enterprises and partnerships majority-owned by Indigenous people residing in Wendake are eligible. Applicants must demonstrate possession or exclusive rights of the intellectual property necessary for commercialization, and projects must be aimed at expanding into new markets outside of Quebec.

grant_eligibility_criteria|who_cannot_apply

The Valo-Capitale grant outlines specific exclusions for companies and projects that do not align with its strategic commercialisation goals. The restrictions focus on ensuring proper governance, financial reliability, and alignment with city regulations.
  • Companies attempting to cumulate this grant with "vitrine technologique – précommercialisation de l’innovation" on the same project.
  • Social economy enterprises (OBNL and coops) that do not demonstrate sound democratic governance.
  • Applicants not discharged from a bankruptcy judgment.
  • Companies listed on the Register of companies ineligible for public contracts.
  • Applicants who failed to meet previous financial aid obligations with the City of Québec within two years prior to the application.
  • Applicants with outstanding debts with the City of Québec.
  • Projects that are discriminatory, controversial, or pose a potential negative image risk for the City of Québec.
  • One-time or event-based projects.

grant_eligibility_criteria|eligible_expenses

The grant covers specific expenses essential for the deployment and success of the commercialization plan.
  • Professional fees, consulting services, and studies.
  • Fees and working capital necessary for project implementation, including digital marketing and promotion expenses.
  • Salaries for human resources assigned to the project, at the hourly rate paid by the recipient, as per their salary policy.
  • Purchases or rentals of goods, equipment, and assets related to the project.

grant_eligibility_criteria|zone

This grant is available for companies that have their headquarters located in specific regions required by the funding criteria. Eligible geographical areas are designed to ensure support for businesses within the designated economic zones.
  • Headquarters located in the agglomeration of Québec.
  • Headquarters in the cities of Québec, Saint-Augustin-de-Desmaures, and L’Ancienne-Lorette.
  • Companies in Wendake are also eligible.

grant_single_labels|register

Here are the steps to submit an application for this grant:
  • Step 1: Verify Eligibility
  • Ensure your company meets all the eligibility criteria, such as being a privately incorporated enterprise or a social economy enterprise conducting mainly commercial activities.
  • Check exclusions to make sure your project qualifies.
  • Verify if your proposed project aligns with the sectors of activity and territory requirements.
  • Step 2: Prepare Necessary Documents
  • Compile a detailed business plan including the commercialization strategy.
  • Gather financial documents demonstrating the company's capacity to fulfill the project.
  • Prepare documentation to prove ownership of intellectual property rights.
  • Include evidence of a structured marketing plan targeting growth and profitability.
  • Step 3: Application Drafting
  • Draft a well-structured application emphasizing the novelty and potential market impact of your product or process.
  • Highlight economic, social, and environmental impacts in the Quebec Agglomeration.
  • Demonstrate the need for financial assistance and document the financial plan's viability.
  • Step 4: Submit the Application
  • Complete all sections of the application form accurately.
  • Email the completed application and all supporting documents to the Service du développement économique et des grands projets at degp@ville.quebec.qc.ca.
  • Verify submission confirmation from the Ville de Québec.
  • Step 5: Await Evaluation
  • Be prepared for potential follow-up requests for additional information or clarification during the evaluation process.
  • Remain reachable at the contact information provided in your application.

grant_single_labels|otherInfo

Here are additional relevant details for this grant:
  • The funding is contingent upon the availability of funds and a needs-based evaluation.
  • The proposed financial assistance could be in the form of both grants and loans.

grant_single_labels|contact

degp@ville.quebec.qc.ca

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